The Latvian government has again suggested that all three Baltic States invest in Latvia’s national airline, airBaltic, ERR reports. Prime Minister Evika Silina argued that the Baltic countries should work together to “coordinate aviation” in the region. She intends to discuss the issue with her Estonian and Lithuanian counterparts. Earlier, the Estonian government rejected Latvia’s…
Most banks in Latvia will be eligible for rebates on so-called solidarity tax payments in 2025, according to the Bank of Latvia, LETA reports. The central bank noted that the growth of lending has been appreciably faster in 2025. Therefore, most banks will qualify for discounts on their solidarity contributions, amounting to 25-100%. The new…
Latvia’s Financial Sector Development Board (FSAP), chaired by Prime Minister Evika Silina, reviewed the country’s anti-money laundering (AML) measures during a meeting on 5 September 2024, LSM reports. The Financial Intelligence Unit (FID) reported on Latvia’s progress in relation to the Council of Europe’s evaluation of the country’s AML efforts. The meeting also addressed concerns…